Non-commercials increased their gross long position and cut their gross short position, lifting the net-longs for both PGMs. Non-commercials are net-long 24, 302 contracts in platinum and net-long 13, 695 contracts in palladium.

FORBES: FOCUS: Speculators' Net-Long Gold Position Rises - CFTC

Non-commercials cut their gross long position and increased their gross short position, reducing the net-longs for both PGMs. Non-commercials are net-long 20, 127 contracts in platinum and net-long 12, 648 contracts in palladium.

FORBES: Speculators Increase Bullish Gold, Silver Positions, Cut PGMs -- CFTC Data

Despite this heavy gross long position, analysts at Barclays Capital said it is not worrisome.

FORBES: FOCUS:Speculators Return As Buyers In Gold -CFTC